[Resolved] HDFC Bank Deposits — Fixed Deposit not honoured

[Resolved] HDFC Bank Deposits — Fixed Deposit not honoured

S Srijit Nair from Rajapur, Maharashtra

HI, I had bought an FD worth Rs 2 Lacs from HDFC Deposits on 09/12/08.I had received a Deposit receipt. To my surprise when I went to check my account after a year on 20/11/09 I found that the FD was done.On contacting I was informed the cheque that was given a year back had bounced. It was a SBI cheque. However till date I have communication from HDFC regarding the issue and so I believed I still owned the FD .The deposit rate was then 11.25% p.a and I had done the FD for 30 months. Please let now how I can approach this. I think HDFC is responsible for the loss. Following are the details of the FD : Company : HDFC Deposits Cust No : 53709346 Deposit no : PN/1201017. Branch :Pune Camp. Maturity Date : 09 jun 20011. Was this information helpful? No (0) Yes (0)
Aug 13, 2020 Complaint marked as Resolved
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Comments

D Shah

from New Delhi, Delhi

Dear Srijit Gopalan Nair

HDFC is not responsible, as if the cheque bounced then it is not a fault of HDFC

Think like this, assume if you are the receiver(1st person) in place of HDFC and HDFC(2nd person) is the giver in place of you.

If amount is not received to 1st person by the 2nd person then 2nd person is responsible for not making payment.

HDFC has issued a credit of 2 Lakh FD on basis of cheque and the cheque bounced for whatever reason may be in that case they simply cancel the FD that is by rule.

regards